Flurry Finance — a DeFi protocol, offering cross-chain aggregation of returns, using a rhoToken, pegged 1:1 to its underlying stablecoin. It automatically processes bets on various DeFi protocols without blocking funds or interest, earned by diversifying the risks of the DeFi product, resulting in lower gas charges.
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About Flurry Finance
Flurry Finance is shaping the future of pharma. It's a way to earn, trade and spend in a stable, flexible and easy way! No blockages, no technical barriers, offering a better user experience that allows you to use your tokens as a medium of exchange when generating income.
Some features:
| 1 | With rhoTokens, users don't have to go through the tedious process of locking / unlocking and turning various DeFi products on and off to generate income. |
| 2 | Flurry Protocol will do everything for users automatically and continuously. |
| 3 | As FLURRY consolidates assets and transfers funds in a single transaction, the average cost per user is lower. |
Flurry Financial recently announced a whitelist for the upcoming Flurry IDO launch on CardStarter. The White List registration period - 72 hours during which the launchpad accepts registrations from users, wishing to participate in the FLURRY Token IDO. IDO FLURRY will have a 24 hour White List sale period. All users who register and complete the KYC will be able to purchase the FLURRY token distribution.
The project can diversify certain risks of smart contracts by distributing a pool of assets across various DeFi products, while individuals cannot do it on their own. Also, FLURRY provides a nice user interface to give users a clear idea of how much interest they earned, how they earned, as well as the distribution of funds in different pools, etc.
rhoToken and other information
The Flurry protocol issues rhoTokens, supported in a 1:1 ratio by the underlying stablecoins:
- 1 rhoUSDT = 1 USDT;
- 1 rhoBUSD = 1 BUSD.
Users convert their USDT / USDC / BUSD to rhoUSDT / rhoUSDC / rhoBUSD by using the Flurry protocol. Placing a stablecoin will result in the issuance of the corresponding rhoToken. Once rhoTokens are in your wallet, you can use, trade or redeem them as you see fit! Users can convert their rhoTokens back to their respective stablecoins, using the Flurry protocol. There is currently no exit fee, although Flurry reserves the right to charge an exit fee in the future (up to 0.5%).
You can get more information about the project through the GitBook. Also, the developers maintain a blog on the Medium platform, where articles are regularly published. From social networks, the community maintains twitter and telegram. Smart contract audit is available here.